Exclusive: Sinclair Oil weighs offers for company sale: sources

NEW YORK - Sinclair Oil Corp, which operates two Wyoming refineries and has licensed more than 1,000 branded gasoline stations, is reviewing offers to buy the company, according to three people familiar with the matter.

A Sinclair sale could fetch between $2 billion and $3 billion, according to the sources, speaking on condition of anonymity as the talks are private. The company, headquartered in Salt Lake City, Utah, will review initial incoming offers and will determine whether serious talks are merited, two of the sources said. A determination on the viability of the offers is expected within the month. It has retained boutique firm Tudor, Pickering, Holt & Co as an advisor; neither it or Sinclair would comment for this story.

!!?!?!

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exclusive: Mexico to invite oil and gas investment, no auctions for nowEXCLUSIVE: Mexico will soon invite private firms to invest in oil, gas and power projects to help the flagging economy, no auctions for now by chitalomericano abrahamgonz
Source: Reuters - 🏆 2. / 97 Read more »

Trump May Bail Out His Billionaire Oil-Industry Pals, the True Coronavirus VictimsThe president is also pushing for a payroll tax cut that conveniently lasts through the election, because he’s the least subtle person on earth. NoMoreTrumpFace Total fake news meant to deceive the democrat population. Taking quid pro quo on a national scale.
Source: VanityFair - 🏆 391. / 55 Read more »

North American oil companies slash spending to cope with $30/bbl crudeOccidental Petroleum Corp on Tuesday became the latest to join a growing list of... Boo freaking hoo for them. Should have happened long ago.
Source: Reuters - 🏆 2. / 97 Read more »